Louisiana HB830 regulates proxy advisors by requiring transparency in their recommendations.
HB830 mandates that proxy advisors provide clear disclosures when recommending against company management on proposals. If a recommendation is not based on a written financial analysis, the advisor must disclose this to shareholders and the company's board. The bill also requires public disclosure on the advisor's website. A violation is considered an unfair trade practice under Louisiana law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.